The precious metal will get more demand this month because of the Akshaya Tritiya festival, where gold is essential in the bride's dowry.
While gains are slow for silver, the gold outlook continues to be hopeful despite strong dollar showing.
CIA director Mike Pompeo will replace Rex Tillerson as the U.S. Secretary of State.
Newcrest's investment in Lundin Gold is significant in starting the operations at the Fruta del Norte mine.
According to economist Peter Schiff, the pending Federal Reserve meeting in March can affect gold prices.
The demand for gold across Asia remains low, but experts claim that it will gain momentum after Chinese New Year.
With a recent survey predicting a rise, gold prices are back on track.
Asian gold prices go down during the New Year but recovered afterwards due to the continuous tension between the U.S. President and North Korean leader.
The prices of gold and silver are expected to gain some stability in 2018.
Gold prices could surge only during the next commodity boom.